Helion, Ventureast invest in tech firm Selcore

Mumbai-based Selcore's technology allows users to share information in documents, emails, designs and images, but make sure it cannot be copied, replicated and shared without permission.

The firm has a user base of over three million users and customers spread across North America, Western Europe and South Asia. It counts companies such as Daimler, Linde, Panasonic, CapGemini, Reliance and Airtel among its customers.

"We are impressed by the global customer footprint and competitive position that Seclore has established. We feel that their product is truly differentiated," said Rahul Chandra, managing director with Helion Advisors.

Helion raised a $255 million fund last year which is focused on early-stage investments in the technology and consumer space. The firm committed INR350 million ($6.5 million) to a Series A round of funding for LifeCell International, India's first stem cell banking company, in February. It also took part in a round of funding for e-commerce firm Shopclue.com in March.

VC fund manager Ventureast has close to $300 million under management and invests in IT, healthcare and clean tech across multiple stages of a business - from seed to growth stages.

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• Topics
• South Asia
• Investments
• India
• Helion Ventures
• Venture
• Technology